Musk Might Buy $100 Billion Worth of Bitcoin, DeFi Veteran Quips

Compound founder Robert Leshmer has joked that Tesla CEO Elon Musk is just two weeks away from buying $100 billion worth of Bitcoin and “tanking” the dollar.

This comes after Musk voiced intense criticism of the House-passed tax bill, which is expected to add trillions to the deficit over the next decade.

As reported by U.Today, Blockstream CEO Adam Back recently opined that Bitcoin would be a perfect fit for Musk.

However, Back is not optimistic that Musk will eventually adopt Bitcoin, which would be “the obvious smart money move.”

Even though Tesla and Musk do own Bitcoin, Back insists that the current allocation is too low for his net worth.